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August 23, 2018

The S&P 500 closed just below breakeven Thursday, as a fresh volley of trade tariffs and concerns about legal issues for President Donald Trump kept gains in check.

The Dow Jones Industrial Average fell about 0.30%. The S&P 500 fell 0.17%, while the Nasdaq Composite fell about 0.13%.

The China and U.S. tariffs on each other's goods, that went into effect on Thursday, underlined the ongoing trade spat between the two nations, ushering in a cautious day of trade.

The United States imposed 25% tariffs...

August 18, 2017

U.S. stocks were lower after the close on Friday, as losses in the Telecoms, Consumer Goods and Healthcare sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.35%, while the S&P 500 index lost 0.18%, and the NASDAQ Composite index lost 0.09%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 0.69% or 0.78 points to trade at 113.92 at the close. Meanwhile, Chevron Corporation (NYSE:CVX) added 0....

August 13, 2017

Bitcoin surged to a new record high above the $4,000 level on Sunday, as investors remained optimistic about the future of the cryptocurrency after it successfully survived a split into two competing coins.

On the U.S.-based Bitfinex exchange, Bitcoin was at $3,909.3, up $480.8 or 14.06%, after rising as high as $4,183.7 earlier.

Bitcoin has quadrupled in value this year and has gained around 36% so far this month.

The fresh record highs came as uncertainty over the future of Bitcoin receded after...

August 3, 2017

Sterling fell to the day’s lows against the U.S. dollar on Thursday after the Bank of England left interest rates on hold at record lows and cut its economic growth forecast for this year and next.

GBP/USD was at 1.3147 by 07.26 a.m. ET (11.26 a.m. GMT), down 0.57%. It hit a high of 1.3266 earlier, the most since mid-September 2016.

The BoE voted to keep UK interest rates on hold at 0.25% in a split decision at the conclusion of its monetary policy meeting.

Michael Saunders and Ian McCafferty, both...

July 30, 2017

Oil prices settled higher for the fifth session in a row on Friday to log its biggest weekly gain this year as investors cheered signs that rising demand will offset excess supplies in the second half of the year.

The U.S. West Texas Intermediate crude September contract tacked on 67 cents, or around 1.4%, to end at $49.71 a barrel by close of trade Friday. It touched its highest since May 30 at $49.81 earlier in the session.

Elsewhere, on the ICE Futures Exchange in London, Brent oil for Septembe...

July 24, 2017

Gold prices remained roughly unchanged on Monday, as investors mulled over mostly upbeat economic data ahead of the Federal Reserve’s policy meeting later this week while continued U.S. political uncertainty limited downside momentum.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.45, or 0.04%, to $1,254.47 a troy ounce.

Gold prices pulled back from highs on Monday, amid an uptick in the greenback, following upbeat economic reports easing inve...

July 16, 2017

Prices of Bitcoin and Ethereum extended their recent decline on Sunday, with both sinking to fresh multi-month lows amid ongoing chatter of a cryptocurrency bubble.

Bitcoin fell below the $2,000-level for the first time in several weeks as investors remained wary of initiating large position amid several warnings from analysts that the digital currency has peaked since hitting $3,000 last month.

The cryptocurrency was at $1,909.10 on the U.S.-based GDAX exchange operated by Coinbase in early trade...

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